➖Fees

Hey there,

Today we will be breaking down our fee structure and showing how Mavapay transactions are paid out so speedily.

Our fee structure is transparent and designed to give our users the best value possible. This document provides a detailed breakdown of our deposit fees based on the amount and method chosen.

Deposits Below 1 Million Naira

1. Fee: 0.75% of the deposited amount.

2. Cap: The fee will not exceed 5,000 Naira.

Example:

• For a payout of 400,000 Naira via Lightning:

  • Fee = 0.75% of 400,000 = 3,000 Naira

Deposits Above 1 Million Naira

1. Fee: 0.5% of the deposited amount.

2. Cap: The fee will not exceed 10,000 Naira.

Example:

• For a payout of 1.5 Million Naira via Lightning:

  • Fee = 0.5% of 1.5 Million = 7,500 Naira

Conclusion

We always strive to ensure that our fees are fair and provide good value to our users. If you have any questions or need further clarification on our fee structure, please do not hesitate to reach out to us.